Out of Equilibrium

Canada already has a large bilateral trade deficit with the EU—$15 billion in goods and close to $4 billion in services, and loses some 70,000 jobs as a result. This study finds a free trade agreement would make that imbalance worse.

The study models three scenarios to provide a range of estimages regarding the likely impacts of EU-Canada free trade. In every case, Canada's bilateral trade balance worsens significantly. The simulations suggest an incredmental loss of between 28,000 and 150,000 Canadian jobs.

OTTAWA—A Canada-EU free trade deal would create a huge trade deficit for Canada, resulting in the loss of up to 150,000 Canadian jobs, says a study released today by the Canadian Centre for Policy Alternatives (CCPA).